ADRs End Mostly Lower, Sasol and OMV Trade Actively

By Kathryn Hardison

International stocks trading in New York closed mostly lower Thursday.

The S&P/BNY Mellon index of American depositary receipts rose 0.1% to 144.24. The European index advanced 0.4% to 139.48, the Asian index fell 0.4% to 166.49, the Latin American index declined 0.6% to 189.71 and the emerging markets index fell 0.9% to 281.83.

Sasol Ltd. and OMV AG were among the companies with ADRs that traded actively.

ADRs of Sasol fell 8.7% after the South African chemicals and energy group said it experienced several operational challenges in October and November in its Secunda coal value chain. The company said challenges such as coal quality and productivity hit production and sales volume performance in the second quarter, and the outlook for the rest of the year.

ADRs of OMV fell 2.5% after the Austrian oil-and-gas major said it will put a new corporate structure in place on Jan. 1 as it builds out its focus on sustainable fuels, chemicals and materials.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

December 01, 2022 18:39 ET (23:39 GMT)

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